But the agency did move three years ago to put restrictions on short sales in certain heavily shorted stocks, such as Martha Stewart Living Omnimedia , Krispy Kreme , Overstock.com and Fairfax Financial .
With the pool of shorter-dated loans shrinking, there is a strong bid for shorted-dated paper from CLOs as they work to maintain compliance with weighted-average-life tests, traders note.
However, this figure is declining sharply, as the number of SOLF shorted shares dropped by almost 30% during the past month.
Another firm, through which Miller shorted 500, 000 shares of Apple as a hedge, and ostensibly on behalf of a corporate client, was also put at risk of losses, but managed to exit those trades at a profit.
FORBES: Guilty Plea In Billion-Dollar Apple Trade That Left Rochdale Holding The Bag
The SEC's removal in 2007 of the uptick rule (which held that a stock couldn't be shorted unless it had gone up in price), as well as its failure to enforce the rule against naked short-selling (an investor is supposed to borrow the shares before he shorts them), increased pressure on beleaguered banks and insurance company equities.
Traders had shorted more than 103 million shares of Bank of America as of mid-December, indicating a frenzy of arbitrage activity prior to the closing of the bank's acquisition of MBNA. Based on the number of shares shorted and Bank of America's average daily trading volume, it would take more than nine days to close out all those positions.
In the first, people are seen as broken mechanisms spewing forth symptoms, like a shorted-out electric motor throwing off sparks.
FORBES: London Calling: Leadership Lessons from a Riot's Rage
The investor attained billionaire status in 2007 with what has been described as the greatest trade of all time when he shorted subprime securities.
FORBES: Billionaire John Paulson Steps Up His Philanthropy With A $100 Million Gift To Central Park
The three brands that jump out at you as you watch a wedding gowned, patent leathered, and sparkled short-shorted Britney do her thing are Makeup Forever, SONY, and PlentyOfFish.com.
FORBES: Britney Spears Debuts New Commercial- Err, Music Video
As a former nuclear submarine officer, he once awoke to alarms and flooding, which shorted out most circuits and caused the reactor to shut down (the backup diesel generators were offline for maintenance).
应用推荐